7R breaks records in 2021 – doubling the number of completed developments year-over-year and leasing 500,000 square meters of space

7R, the Polish developer of warehouse and production facilities, delivered nearly 400,000 square meters of BREEAM-certified space in 2021, doubling the company’s annual result year-over-year. Over the past 12 months, 7R has sold 17 projects to investment funds and real estate companies for a total of nearly EUR 400 million. The amount of space occupied by tenants has also increased, totaling 500,000 sqm. The portfolio of properties managed by 7R now exceeds one million sqm.

In 2021, 7R delivered nearly 400,000 square meters of new warehouse space to the market, a sharp increase from the previous year’s 180,000 square meters. 7R facilities are known for their high-quality construction, as well as their technological and eco-friendly solutions. They are environmentally friendly, comply with ESG standards, and generate savings for tenants, such as reduced energy costs thanks to their energy-efficient design.

Diversified tenant mix

The developer’s facilities are home to companies from various industries, including logistics, retail, pharmaceuticals, and automotive. 7R’s tenant portfolio has grown significantly over the past year—the company signed 64 lease agreements with companies for over 500,000 square meters of space (a 25% increase compared to 2020). This year, in addition to completing new logistics parks and urban warehouses, the developer also plans to deliver more Built-to-Suit (BTS) facilities. These include a high-class warehouse in Silesia for Aluprof SA, one of Europe’s leading manufacturers of aluminum systems, and a 60,000-square-meter state-of-the-art facility for Żabka, which is under construction near Warsaw. This center will be equipped with innovative automatic and environmentally friendly solutions, which will be confirmed by BREEAM certification.

Hot assets on investors’ radar

According to expert reports, warehouses are the asset class attracting the most investor interest in Europe. This is also reflected in 7R’s results. Last year, the developer sold 17 properties for a total of nearly EUR 400 million. This represents a significant increase compared to 2020, when 7R sold seven projects with a total value of EUR 75 million.

7R’s services also include property management. Currently, the team dedicated to this business line manages 48 buildings with a total area of over 1 million square meters.

ESG, quality, and technology

In 2021, 7R became the first warehouse and industrial developer to join the Urban Land Institute Poland as a corporate member in order to actively shape the future of the real estate industry and work with other members to establish the highest quality standards in the warehouse market. 7R is also an active member of the Polish Green Building Council and the Proptech Foundation.

As part of its ongoing efforts to promote and share ESG knowledge, 7R began collaborating on the European Sustainable Business Network platform in early 2022.